Senator Elizabeth Warren and her fellow Big Oil critics may have finally got some literal proof that the oil industry benefits directly from the imbalance of supply and demand: Big Oil executives are selling shares in their companies worth millions. According to calculations made by Bloomberg, the chief executive of Hess Corp.
alone sold stock worth $85 million in the first quarter in several deals, while the head of Marathon Oil sold $34.3 million. For the industry overall, more executives sold than bought shares in their companies, according…Why Are Big Oil Execs Dumping Millions Of Dollars Worth Of Stock?
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